Earlier quoted context omitted.
It's not, of itself, incriminating. And if you can't sell it, you've still got clean clothes.
Plus, everyone with even the smallest amount of money, wants to be clean; it's an incredibly basic need. Alcohol will probably always been a good form of barter too.
In praise of cash
291–300 of 369 posts
Re: In praise of cash
#292Earlier quoted context omitted.
"Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say." -Edward Snowden
To be the devil's advocate here, what situation can you imagine that would warrant a person to legitimately hide information or keep secrets from their own government?
* Your government won't adequately protect collected information from your stalker
* Your stalker has friends who work for the government
* Your stalker works for the government
* You're gay, and live in the UAE, where your outing may result in your death
* You're gay, and live in the USA, where your outing may result in your death
* Your government has too many laws to count - nevermind read - and can find a violation of them for anyone, given enough time
* Your government won't adequately protect collected information from other governments
* Your government won't adequately protect collected information from your competitors
* Your government won't adequately protect collected information from identity thieves
Re: In praise of cash
#293Earlier quoted context omitted.
A cashless society would be an attempt to create a society that lacks basic economic freedom, but it would also fail. People will simply return to barter, and the use of whatever precious metals/stones/etc are hot that year.
We have cryptocurrencies already, no need to return to precious metals
Re: In praise of cash
#294Earlier quoted context omitted.
A cashless society would be an attempt to create a society that lacks basic economic freedom, but it would also fail. People will simply return to barter, and the use of whatever precious metals/stones/etc are hot that year.
Lot's of comments below are uptight about the definition of "barter". Which is a very vaguely defined word: trade of goods/services without the use of money. Old school accounting in many parts of the world did not rely on financial transactions. Central authorities preferred "proper" financial instruments, but for the commoner, bartering was a regular activity. Knicks on clay tablets tracked debt, sure, but the repa…
Re: In praise of cash
#295Earlier quoted context omitted.
Last year I tired of reconciling my credit card and checkbook accounts, so shifted to using cash only (I have credit cards if there's an emergency). So far I'm spending ~10% less each month. I'm more careful about purchases. I get and seek cash discounts. Best of all I don't need to do the reconciliation.
How do you ask for a cash discount?
Re: In praise of cash
#296Earlier quoted context omitted.
"Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say." -Edward Snowden
To be the devil's advocate here, what situation can you imagine that would warrant a person to legitimately hide information or keep secrets from their own government?
Re: In praise of cash
#297I would never support getting rid of cash, it's a basic right to spend money without being tracked.
it's a basic right to spend money without being tracked. No it's not. I very much want there to be a way to spend money anonymously, but I can't frame that as a 'basic right'.
Re: In praise of cash
#298Earlier quoted context omitted.
That doesn't negate either coldpie's or my points; if anything, having people use cash effectively helping to subsidize the "credit card tax" only adds more weight to the argument that it's an unreasonable arrangement that only serves to enrich the credit card companies.
yes it does. from a game theoretic perspective, it only would make sense for me to switch to cash if everyone else did so that the store wouldn't incorporate the extra fee into the price of their goods. However, one can't control others, they can only control their own behavior. So in a situation where there goods cost extra, because others are still using their cards and the owner has to markup prices, the only rati…
Re: In praise of cash
#299But cash is an untraceable anonymous currency, used by drug dealers and child pornographers!
The real reason of the move to cashless is taxes and the fact that governments everywhere borrow without intending to ever pay back. When the shit hits the fan, the payment will come out of your and others' bank accounts.
Re: In praise of cash
#300Earlier quoted context omitted.
Cash handling is not free either. Large amounts require security or increased risk.
Risk doesn't cost money in the way payment processing costs money.